Case study · Jun 2026 · 6 min read
How a 7-Person Web3 Dev Studio in Vietnam Replaced 6 Tools With One Qash Business Account
RYG Labs ran treasury and payroll across a multisig, a bridge, a CEX, P2P off-ramps, bank transfers, and spreadsheets. Here's how a crypto-native team in Vietnam replaced all of it with one Qash business account.
The team
RYG Labs is a Web3 dev studio in Vietnam, mostly engineers, building on Starknet for years. Their treasury sits onchain in USDC. Income arrives from client work across different blockchains, paid out in stablecoins and fiat. Some teammates prefer to be paid in crypto. Others prefer Vietnamese Dong.
Workflow before using Qash
1. Multisig signature coordination
As a crypto-native team, RYG Labs treats security as the floor and avoids single points of failure. Daily operations run through a Braavos multisig with four signers and a 3-of-4 approval threshold. However, the team often had to meet in person for signing coordination because doing it online takes too long.
“We usually go to a coffee shop every week to co-sign. Doing it online by text takes a lot of time.”
2. Receiving payment across different chains
When payment arrived on Arbitrum, Base, or any other chain, the team spun up a fresh wallet to receive it, then bridged back to the Starknet treasury.
3. Payroll cycle
Every payroll begins with a Layerswap bridge from Starknet to Binance. From the centralized exchange, one co-founder distributes funds by hand. Teammates choose between a wallet address (EVM or Binance ID) or Vietnamese Dong. For fiat payouts, the co-founder needs to P2P off-ramp to his bank, then make a bank transfer. On top of that, each teammate's payout date is different.
4. Manual tracking and forecasting in spreadsheets
Team wallet addresses, Binance IDs, bank account details, monthly payouts, and reimbursements all live in Google Sheets. There is no payroll tool. Runway is calculated by hand each month.
Workflow after using Qash
1. Slack notifications on every multisig action
Every time a transaction is created, every signer gets a Slack notification. The weekly in-person sync to clear the queue is no longer required.
2. One account receives payment on any chain
Generate invoices that accept payment from any chain. Whatever chain the client pays on, it goes into one Qash business account, and Qash bridges it back to your treasury automatically. No more spinning up a new wallet and bridging it manually for every payment.
3. Scheduled crypto and VND payroll, custom payout date per teammate
Each teammate has a saved profile. One person gets USDC on Base on the 1st. Another gets USDT on Ethereum on the 5th. Another gets VND to their Vietnamese bank account at month end. Qash sends each person an invoice one week before payday so they can confirm the amount and their details before payment is made.
- Contractor-friendly: one click to pause payment, one click to resume when they're back.
- VND goes directly into teammates' Vietnamese bank accounts. Qash works with Vietnam OTC banking partners to send VND from the multisig to each teammate's local bank account.
4. Runway forecasting on the live treasury balance
Qash tracks all your transaction history with annotations and labels. You can also simulate runway by adding a hire or contractor, and Qash recalculates from the current treasury balance.
“I really like the forecasting feature. I used to do manual forecasting on a spreadsheet.”
Comparison Table
Why this matters for Web3 startups in Vietnam
Web3 startups in emerging regions like Vietnam, Nigeria, and Argentina are underserved. They need better tooling so they can offload the operational work and focus on what actually matters: building their startup. Time is money, let Qash save both.
About Qash
Qash is the business account Web3 companies in emerging regions use to pay, get paid, and run payroll globally, in crypto or fiat.
If your team operates anything like this, come talk to us.
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